KANIGIRI: Chief Minister N Chandrababu Naidu inaugurated a new MSME industrial park at Pedairlapadu in Kanigiri Assembly constituency of Prakasam district on Tuesday.
He also virtually launched 49 MSME parks across 17 districts, marking a major push towards decentralised industrial development in Andhra Pradesh.
These parks, being developed under a plug-and-play model across all 175 Assembly constituencies in the State, are meant to attract investments, and generate employment by offering ready-to-use infrastructure.
The newly launched MSME parks span 868 acres, involving an investment of Rs 873 crore, with foundation stones laid for 1,597 units. Additionally, he virtually inaugurated 38 mega industrial units set up with Rs 25,256 crore investment.
Naidu virtually interacted with industrialists from industrial parks in Srikakulam, Vizianagaram, Anakapalli, Kurnool, Anantapur and Chittoor districts during a video conference to get a feedback.
Speaking ahead of the upcoming CII Partnership Summit in Visakhapatnam on November 14 and 15, he announced that 99 companies are launching operations, bringing in Rs 2.65 lakh crore investments, and creating over two lakh jobs. He revealed plans to set up 70 MSME parks in January, and emphasised the goal of nurturing at least one entrepreneur in every household.
CM announces development of new industrial hub with Kurnool, Tirupati
He outlined futuristic initiatives, including quantum computing production in Amaravati, home-based solar panel installations, biofuel plants by Reliance, green hydrogen production, a drone city at Orvakal for civilian and defense applications, and a semiconductor industry, which are in the pipeline. The Partnership Summit is expected to yield MoUs worth Rs 10 lakh crore, potentially generating over eight lakh jobs.
Naidu criticised the previous regime for industrial decline, citing cancelled PPAs and Rs 9,000 crore paid for unused power. He asserted that the NDA government is restoring investor confidence, with global giants like Google planning Rs 1 lakh crore investment in Visakhapatnam.
Andhra Pradesh is the first State to implement any new policy introduced by the Centre, he said, acknowledging the endeavour of Deputy Chief Minister Pawan Kalyan, and HRD and IT Minister N Lokesh to promote industrial growth.
The Chief Minister emphasised inclusive development, announcing plans to develop a new industrial region, including Kurnool and Tirupati, and transform the State into an East Coast logistics hub by upgrading ports. The BPCL refinery near Ramayapatnam port with an investment of Rs 1 lakh crore, will further boost economic growth. He aims to create five lakh jobs through MSMEs, and empower one lakh women entrepreneurs.
Addressing regional disparities, Naidu promised to complete the Veligonda project by 2026 to supply water to drought-hit areas, including Kanigiri, Yerragondapalem, Giddalur and Markapuram. He assured that both Krishna and Godavari waters will be harnessed to meet the region’s irrigation and drinking needs.
Ongole MP MSreenivasulu Reddy, Kanigiri MLA M Ugra Narasimha Reddy, and APIIC chief M Rama Raju attended.